VANCOUVER, March 11 /CNW/ - Logan Resources Ltd. (TSXV:LGR) today announced that it has granted 1,000,000 stock options to certain directors, employees, and consultants of the Company under its incentive stock option plan. The options are exercisable at $0.25 per share for a period of two years, and are subject to a four-month hold period. Of the 1,000,000 stock options, 200,000 are subject to a vesting schedule. Twenty-five percent of those 200,000 stock options shall vest on dates that are three, six, nine and twelve months following the date of grant.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. For more information on the projects and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward-looking statements. Although we believe that the expectations in our forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
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information contained herein.